Thu, 24th Apr 2025 - Financial Services News Wrap

What this episode covers

This episode of Financial Services Online discusses the risks Artificial Intelligence poses to insurers - particularly issues with professional indemnity, errors, and intellectual property misuse. It suggests the development of AI-specific insurance to tackle these risks. The Australian Financial Complaints Authority (AFCA) secures a win for RAA insurance regarding a discrepancy over a vehicle's location, leading to a claim denial. Opportunity arises for Australian investors with a micro-cap fund launched through an alliance between Mantis Funds and Balmoral Investors. Lastly, the episode covers issues with the Payday Superannuation scheme, suggesting stronger measures to address unpaid superannuation dues. Stay informed with Financial Services Online for more finance and insurance news.

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Frequently Asked Questions

How long is this episode of Financial Services News Wrap?

Episode duration information is not available.

When was this Financial Services News Wrap episode published?

This episode was published on April 23, 2025.

What is this episode about?

This episode of Financial Services Online discusses the risks Artificial Intelligence poses to insurers - particularly issues with professional indemnity, errors, and intellectual property misuse. It suggests the development of AI-specific insurance...

Can I download this Financial Services News Wrap episode?

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